The EU is channeling another 1.4 billion euros of profits from frozen Russian assets to Ukraine.

The European Union has announced the disbursement of 1.4 billion euros to Ukraine, sourced from the extraordinary profits generated by frozen assets belonging to the Central Bank of Russia. This financial transfer is intended to support Ukraine amid the ongoing conflict and follows the implementation of sanctions that immobilized Russian state assets within the bloc.

The allocation represents a continued effort by the EU to utilize interest accrued from these frozen funds to provide aid to Kyiv. The move coincides with an intensification of the geopolitical situation, marking a significant step in the use of sanctioned Russian capital for the purpose of external financial assistance.